Ok, I'll take a look at the math. But surely, you can't seriously mean that in your calculations there are 1.1 million bitcoins generated daily? or 500k xpy?
According to Josh's own statement there will be 500k in usd inflation daily for XPY , this is compared to 1.1 million usd in inflation daily for Bitcoin.
Bitcoin will have 6 % inflation in 2016, 5% inflation in 2017, 3% inflation in 2019, and 0.5% inflation in 2026. Paycoin will have at least 5% for the foreseeable future if not higher.
Now, you see, US$ 500k daily is very different to 500k XPY daily. Same for bitcoin figures. That's what I meant.
No, what I meant is if the company makes profit and pays out, constantly, and sustainably, it's not a ponzi. By definition. Period.
I understand the differences and yes, I still believe GAW and paycoin to be a likely ponzi.
There is good reason to suspect this is a ponzi by the evidence that has been repeatedly discussed throughout these threads. I am not going to keep repeating them. Do your due diligence and research for yourself.
Now you are just pulling my leg.
Everything about GAW & research: OK, sure, fair enough.
XPY is a cryptocurrency. It can be traded. It can be pumped & dumped. It can be taken over by the community. It can live it's own life outside of GAW. Even if it's created by GAW.
But a cryptocurrency can not be a ponzi scheme. (I'm sorry for the harshness, but am I talking to the wall here, seriously? we discussed this 2 posts back, in lenght)